Nigerian billionaire Abdul Samad Rabiu donates $4.8 million to construct University College of Medical Sciences in Sokoto
The ASRi is the philanthropic arm of BUA Group.
African Billionaires
Egyptian Ghabbour family gains $32.9 million in 57 days as GB Auto shares soar
The gain in the family’s equity stake came off a double-digit increase in the company’s shares.
Joshua Oigara-led KCB Group acquires Rwanda bank, Banque Populaire du Rwanda
The move increases the group’s market share in the Rwandan retail and SME banking sector.
Kenyan top executive Jeremy Awori receives $850,800 in compensation from Absa Bank Kenya
Awori has been the commercial bank’s managing director since 2012.
Egypt awards Toshka irrigation project deal to Hassan Allam Construction
Hassan Allam Construction will help the government lay 265 kilometers of irrigation networks.
Yasseen Mansour’s Palm Hills Development declares revenue growth in H1 2021
PHD recorded a growth in primary and secondary home and commercial unit sales.
Aga Khan IV’s Nation Media Group posts $2.6-million mid-year profits as revenues see sharp recovery
The triple-digit surge in profits came off a 14-percent increase in revenue.
Kenyan tycoon Andrew Ndegwa earns $1.4 million as NCBA shares rise above 25-shilling mark
NCBA Group Plc is an East African financial services conglomerate headquartered in Nairobi, Kenya.
Yahui Zhou’s OPay emerges as Africa’s latest unicorn with $2-billion valuation
OPay is the latest member of Africa’s unicorn club, which includes Flutterwave, Jumia, Interswitch and Fawry.
Namibian businessman Koos Brandt’s stake in Capricorn Group now worth $81.2 million
Capricorn Group is a Namibia-based investment holding focused on banking, insurance and finance.
Gideon Muriuki’s Co-op Bank extends JV with South Sudan by three years
The move will renew the parties’ co-ownership of the bank’s subsidiary in Juba.
South African senior executive Josua Malherbe earns $1.31 million in 152 days
The earnings come as Remgro Limited’s shares surge by double digits.
Former CEO Richard Brasher earns $2.45 million in compensation from Pick n Pay
Brasher retired in April of this year.
Gabriel Theron-led cannabis firm Cilo Cybin plans listing on Johannesburg Stock Exchange
The company plans to produce marijuana for sale to consumers globally.
Africa’s richest men see their net worth increase by $2.19 billion in 2021
The rise in their collective and individual wealth marks a recovery from a sharp decline last year.
Aliko Dangote’s cement company to engage investors in new $364.4-million debt facility
The issuance reflects Dangote Cement’s continued interest in engaging fixed-income investors.